Jeremy Corbyn, dodgy dealer

ALL big suits and swagger, Vehbi Alimucaj was a symbol of Albania’s post-Soviet embrace of capitalism. The fall of communism had blown open the economy, people had money to invest and Mr Alimucaj—a businessman known as “the Pharaoh”—knew, or claimed to know, where to put it to work. Savers piled in, attracted by interest rates that looked too good to be true. They were: Mr Alimucaj was a fraudster and used the deposits of each new wave of investors to pay the dividends promised to previous waves. When his pyramid scheme and others like it brought down the Albanian economy in 1997 he was... read more

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